MLK Scholars program will provide 650 Boston Youth with summer employment opportunities at 65 nonprofits; expanded EVERFI financial literacy tools to benefit other City summer jobs program participants
BOSTON – Friday, July 13, 2018 – Mayor Martin J. Walsh together with corporate, youth and nonprofit leaders today joined John Hancock and Boston University to kick off the 11th year of the MLK Scholars Program. The MLK Scholars Program provides meaningful employment and job readiness opportunities to 650 Boston youth through summer job assignments and workshops. The program is believed to be the largest, most comprehensive corporate summer jobs program of its kind in the country.
As part of the event, Mayor Walsh announced an expanded pilot between John Hancock and EVERFI that allows Boston students from summer job programs outside of the MLK Scholars Program access to the same financial education curriculum. Through this pilot, all students in the Boston Summer Jobs Program will gain the skills to help them manage their finances and achieve their goals. John Hancock has committed to a three year expansion partnership and will work closely with the City of Boston and other summer job providers to give EVERFI access to participants each year.
"I am proud of the work the City of Boston is doing to support our youth through the Summer Jobs Program," said Mayor Walsh. "By providing a student with a job we are doing more than giving them a paycheck, we are matching our youth to meaningful employment opportunities that will equip them with the tools and skills needed for long lasting future success."
To ensure every youth receives the support they need to succeed now and in the future, the Walsh Administration, through its partnerships with Bank of America, Mass Mentoring Partnership, and Bunker Hill Community College will provide youth additional resources and training to enhance their experience in the Mayor’s Summer Youth Jobs Program.
- With Bank of America, the City will offer the One Love program, which will focus on building healthy peer relationships and domestic violence awareness;
- With Mass Mentoring Partnership, the City will provide supervisor training focused on empowering youth-adult relationships;
- With Bunker Hill Community College, the City will make available a Learn and Earn free three-credit course that will connect students to other paid BHCC corporate, not-for-profit and small business partners.
Additionally, through a partnership with Commonwealth Corporation, youth that self-identify as homeless, being in foster care, court or gang involved, DYS-committed or having experienced juvenile arrest or probation, experiencing poor academic performance, a child of a single parent, having a disability or special needs, lack of fluency in English or being a foreign immigrant, or being a teen parent will be able to participate in the Signal Success Program, a 15 hour career and skill development to set up youth for success during and after the completion of the Mayor’s Summer Youth Jobs Program.
"We are thrilled to be partnering with John Hancock on expanding access to EVERFI tools. It is a true melding of missions, bringing together the necessary passion, resources, and networks to drive our joint mission to build financial capability forward," said EVERFI Co-Founder and President, Ray Martinez. "John Hancock has taken the long-view, and their three-year commitment underscores the impact the MLK Scholars program, and others like it, will have in improving financial access in the communities they serve."
"Meaningful work experience builds long-term, positive financial behaviors, skills, and confidence," said John Hancock President and CEO, Marianne Harrison. "Economic empowerment and financial knowledge is critical for young people, and, for too many, these aren’t accessible. A primary goal of the MLK Scholars Program is to level the playing field, because we are all strengthened when young people have access to career readiness opportunities."
In collaboration with the City of Boston, Boston University, Partners HealthCare, and The Boston Globe, MLK Scholars employs youth for approximately 20-25 hours a week in 65 Boston not-for-profit organizations. John Hancock provides youth salaries to all participants, exposing them to community-based work with substantive economic support.
About Mayor Martin J. Walsh’s Summer Jobs Program
The City of Boston and the Boston Private Industry Council have worked to organize private sector employers, from the region’s leading companies to neighborhood small businesses to provide Boston youth with summer job opportunities for the Mayor’s Summer Jobs Initiative. Urban teens develop positive work habits, including but are not limited to the habits of paid work opportunities, attendance and punctuality, speaking and listening, accepting direction and criticism, and problem solving and taking initiative. Through this program, Mayor Walsh aims to tackle Boston’s most pressing community priorities today, and at the same time, addresses employer needs by preparing a skilled and motivated workforce for the very near future.
About John Hancock and Manulife
John Hancock is a division of Manulife Financial Corporation, a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. Assets under management and administration by Manulife and its subsidiaries were over $1.1 trillion (US$850 billion) as of March 31, 2018. Manulife Financial Corporation trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10.7 million Americans with a broad range of financial products, including life insurance, annuities, investments,401(k) plans, and college savings plans. We also offer advice through Signator, a network of independent financial advisors. Additional information about John Hancock may be found at johnhancock.com.
EVERFI is the leading education technology company that provides learners of all ages education for the real world through innovative and scalable digital learning. EVERFI powers community focused financial education for 750 financial institutions across the country. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) subscription model and has certified over 20 million learners in critical skill areas. Some of America’s leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, TPG Growth, The Rise Fund, Advance Publications, and Rethink Education, and Rethink Impact. The EVERFI Education Network powers more than 3,700 partners in their education initiatives across all 50 states and Canada. Learn more at everfi.com.